Insider Selling: Canadian National Railway (TSE:CNR) Senior Officer Sells 573 Shares of Stock

Canadian National Railway (TSE:CNR) (NYSE:CNI) Senior Officer Sean Finn sold 573 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of C$122.19, for a total value of C$70,012.86. Following the completion of the transaction, the insider now directly owns 14,981 shares of the company’s stock, valued at C$1,830,475.96.

Sean Finn also recently made the following trade(s):

  • On Friday, August 16th, Sean Finn sold 13,587 shares of Canadian National Railway stock. The shares were sold at an average price of C$122.30, for a total value of C$1,661,690.10.
  • On Tuesday, June 18th, Sean Finn purchased 7,211 shares of Canadian National Railway stock. The stock was bought at an average cost of C$92.57 per share, with a total value of C$667,533.81.

Shares of Canadian National Railway stock traded up C$0.19 on Friday, reaching C$122.33. The company’s stock had a trading volume of 1,168,505 shares, compared to its average volume of 1,082,624. The company has a market capitalization of $88.10 billion and a P/E ratio of 20.18. Canadian National Railway has a 52-week low of C$96.46 and a 52-week high of C$127.96. The stock has a 50-day moving average price of C$122.72 and a 200-day moving average price of C$121.64. The company has a quick ratio of 0.34, a current ratio of 0.69 and a debt-to-equity ratio of 77.28.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its quarterly earnings data on Tuesday, July 23rd. The company reported C$1.73 EPS for the quarter, beating the Zacks’ consensus estimate of C$1.65 by C$0.08. The business had revenue of C$3.96 billion during the quarter, compared to analysts’ expectations of C$3.93 billion. Sell-side analysts forecast that Canadian National Railway will post 6.2915347 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 9th will be given a $0.5375 dividend. This represents a $2.15 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend is Friday, September 6th. Canadian National Railway’s dividend payout ratio (DPR) is presently 32.74%.

A number of research analysts have issued reports on CNR shares. BMO Capital Markets boosted their price target on Canadian National Railway from C$125.00 to C$126.00 in a report on Wednesday, July 24th. Raymond James reissued an “outperform” rating and issued a C$135.00 price target on shares of Canadian National Railway in a report on Wednesday, July 24th. Desjardins boosted their price target on Canadian National Railway from C$128.00 to C$129.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. National Bank Financial decreased their price target on Canadian National Railway from C$126.00 to C$124.00 and set a “sector perform” rating for the company in a report on Thursday, June 27th. Finally, Cormark boosted their price objective on Canadian National Railway from C$99.00 to C$101.00 in a research report on Wednesday, July 24th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of C$125.91.

Canadian National Railway Company Profile

Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.

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